RMD Calculator - Required Minimum Distribution (IRS Table)

RMD Calculator (Required Minimum Distribution)

Determine how much you must withdraw from your retirement accounts to satisfy IRS rules.

Distribution Planner

Account Details
RMDs currently start at age 73.
$
Balance as of Dec 31st last year.
Projection
%
Growth rate of remaining balance.
Taxes Apply! RMDs are taxed as ordinary income. Estimate your liability with our Income Tax Calculator.
Your RMD Amount for this Year
$0.00
Divisor Factor: 26.5
Penalty Warning: If you fail to withdraw this amount, the IRS may impose an excise tax of 25% on the amount not withdrawn (reduced to 10% if corrected promptly).
Future Projections

What is a Required Minimum Distribution (RMD)?

The IRS does not let you keep retirement funds in tax-deferred accounts indefinitely. Eventually, you must start taking withdrawals so the government can tax that income. This mandatory annual withdrawal is called a **Required Minimum Distribution (RMD)**.

Who needs to take RMDs?

You generally must start taking withdrawals from your Traditional IRA, SEP IRA, SIMPLE IRA, and 401(k) accounts when you reach a specific age.

  • Age 73: If you reach age 72 after Dec 31, 2022 (SECURE Act 2.0).
  • Age 75: For those who turn 74 after Dec 31, 2032.
  • Roth IRAs: Do NOT require RMDs while the original owner is alive.

How is RMD Calculated?

The formula is relatively simple:

RMD = Prior Year-End Account Balance / Life Expectancy Factor

The Life Expectancy Factor comes from IRS tables (Uniform Lifetime Table). As you get older, the factor gets smaller, meaning you must withdraw a larger percentage of your account each year.

Example

You are 75 years old. Your IRA balance on Dec 31 last year was $500,000.
The IRS factor for age 75 is **24.6**.
Calculation: $500,000 / 24.6 = $20,325.20.
You must withdraw at least this amount by Dec 31 of the current year.

Disclaimer & Legal Notice

IRS Tables: This calculator uses the IRS Uniform Lifetime Table (Table III) effective from 2022 onwards. If your spouse is your sole beneficiary and is more than 10 years younger than you, you should use the "Joint Life and Last Survivor Expectancy Table" (Table II), which results in lower RMDs.

Tax Advice: RMDs are generally taxable as ordinary income. Withdrawals are not limited to the RMD amount; you can always withdraw more.

Not Official: This tool is for estimation purposes. For official calculations, refer to IRS Publication 590-B or consult a tax professional.